What is Ibotta's invested capital?

Ibotta (IBTA) reported invested capital of $109.7M in Q1 2026.

How has Ibotta's invested capital changed year-over-year?

Ibotta's invested capital decreased by 15.2% year-over-year, from $129.34M to $109.7M.

What is the long-term trend for Ibotta's invested capital?

Over 2 years (2023 to 2025), Ibotta's invested capital has grown at a 95.8% compound annual growth rate (CAGR), from $33.09M to $126.81M.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

Ibotta IBTA Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

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18.8%+0.1pp

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12.2%+0.5pp

Cabot CorporationCBT

14.7%-6.0pp

UnifirstUNF

6.2%-0.9pp

Envista Holdings CorporationNVST

3.4%+1.8pp

Liberty Broadband CorporationLBRDK

-0.3%-0.1pp

Other financials

Income statement

See full

Revenue$82.5M-2.5%

Gross profit$63.0M-6.6%

Operating income-$10.8M-286%

Net income-$10.3M-1,960%

EPS (diluted)-$0.43-2,250%

Balance sheet

See full

Cash & equivalents$164.6M-44.7%

Total debt$25.3M-1.1%

Total equity$249.0M-38.0%

Total assets$479.9M-24.9%

Cash flow

See full

Operating cash flow$30.4M+52.9%

CapEx$3.1M+62.0%

Free cash flow$27.3M+52.0%

Valuation

See full

Market cap$744.33M-23.5%

Enterprise value$605.06M-13.6%

P/S2.2×-0.4×

Profitability

See full

Gross margin78.4%-6.2pp

Operating margin-2.6%-5.1pp

Net margin22.9%+19.9pp

FCF margin24.8%-6.0pp

Returns & leverage

See full

Return on equity22.8%+16.9pp

Debt / equity0.1×0.0×

Current ratio1.8×-0.9×

Where this comes from

Calculated from Ibotta’s reported figures.

$25.3Mtotal debt+$249.0Mtotal stockholders equity−$164.6Mcash and equivalents=$109.7M

The official record: Ibotta’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ibotta's invested capital?: Ibotta (IBTA) reported invested capital of $109.7M in Q1 2026.
How has Ibotta's invested capital changed year-over-year?: Ibotta's invested capital decreased by 15.2% year-over-year, from $129.34M to $109.7M.
What is the long-term trend for Ibotta's invested capital?: Over 2 years (2023 to 2025), Ibotta's invested capital has grown at a 95.8% compound annual growth rate (CAGR), from $33.09M to $126.81M.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).